Cathie Wood.Rebecca Blackwell/AP Photo Ark Invest's Cathie Wood and Wharton professor Jeremy Siegel both think we're already in a recession. "I think we're actually in a mild recession," Siegel told CNBC, saying the economy likely contracted in the first half of the year. Both also pointed to indications that inflation may be easing as well. Ark Invest CEO Cathie Wood and Wharton School of Business professor Jeremy Siegel both agree that we're already in the middle of a recession.While recession warnings have been piling up in recent weeks, most of them have a timeline of one or two years in the future.
Cathie Wood And Jeremy Siegel Both Say That We're Already In A Recession While Inflation Shows Signs Of Easing
bevans@insider.com (Brian Evans), Business Insider
Tue, 06/28/2022 - 9:07am
Topics: i think we i think we rebecca blackwell/ap photo ark invest's cathie ark invest ceo cathie wharton school cnbc tuesday target walmart labor statistics jay powell fed business insider wood i jeremy siegel cnbc business recession inflation signs of easing consumer economy high inventories quarter professor mild told year contracted typically data problem supply pointed added prices
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